At Home - Lubbock, Texas_Property for Sale
At Home - Lubbock, Texas_Property for Sale
4304 W Loop 2894304 West Loop 289 4304 West Loop 289, Lubbock, TX, 79407-3730, US

At Home - Lubbock, Texas

Asset description

Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to exclusively offer for sale the fee-simple interest in the single-tenant At Home (the “Property” or “Asset”) located at 4304 W Loop 289 Acc Rd in Lubbock, TX.


The Property totals 140,280 SF and features a 4.9 years remaining on the lease with a corporate guaranty from At Home, a unique home décor concept that offers up to 45,000 home décor items for every household room (the “Tenant”). The lease structure is an absolute NNN lease, offering investors long-term cash flow with no landlord expenses, and features four (4), five-year renewal options and 2% annual rent bumps throughout the primary term & renewal options. The Property is ranked in the top 10th percentile of At Home stores in the nation for annual visits, per Placer.ai.


The asset is located with frontage along Texas 289 Loop Frontage, which sees ±75,000 vehicles per day, and adjacent to numerous top preforming retailers and retail centers including the Canyon West shopping center and the West End Center, which see a combined 8.9 million annual visitors and are both ranked in the top 7th percentile or higher for power centers and regional malls, respectively, in the nation for annual visitors, per Placer.ai.


The Offering provides investors with the opportunity to acquire over 4.9 years of passive cash flow from a national retail tenant in a premier market with exceptional real estate fundamentals.

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Attributes

Building area net
13,028 sm
Year built
1985
WAULT
4.9 years
NOI
¥131,759,000
Lease type
Absolute Triple Net

Media

Investment highlights

  • Top 10th Percentile Of At Home’s Nationally, Per Placer.ai
  • 16.4% Annual Population Growth Within A 5-mile Radius Of The Property
  • Adjacent To 5.3m Annual Visitors Canyon West Center
  • Adjacent To Texas 289 Loop Frontage With Exposure To 85,500 VPD
  • Over $94k Avg HH Income In 5-mile Radius Of The Property
  • 10+ Top Performing Retailers Along The Texas 289 Loop Corridor
At Home - Lubbock, Texas 4_Property for Sale

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At Home - Lubbock, Texas (0 Properties)

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Last updated
Nov 15, 2024